Ryan I understand your excitement at making a profit today. Making money, either long or short is great. But your talking mainly to people who are LONG, not day traders. Most people here don't care about pullbacks and look at it as an opportunity to accumulate. Especially those of us that got in under $1.00.
I don't believe you have to be adversarial to anyone here (unless they are a day trading long). I believe the relationship between the daily shorter and long term holder can be more congruent that people believe, if the long term holder accurately determines the bottoms of the dips and accumulates as the stock continues its upward trajectory.
I don't know if anyone else was hoping for adding opportunity but this was perfect for me. This is one company that I don't mind averaging my price up multiple times. The 2.90 offering was brilliant. Execution has been sharp. I don't mind the shorts picking up a few pennies on this pullback, the longs can benefit by grabbing those cheap shares.
Hey man I don't normally comment on these types of posts but there isn't any need to get personal. You should lift people up instead of trying to beat them down, or if you disagree with his position on this stock, engage him on that. Take it easy with this type of behavior.
It is a ton of assumptions. The probability of that being this case is low. Just thought I'd throw out the possibility. Watching what happens to that ask will be more telling.
Haha you caught me, yea I've been invested here since I got in at .22 .26 then upper .30's (average at .32). I've been here lurking for a long time and never posting anything. Sold PATH for a nice profit.
doesn't it depend on the Ask price. Couldn't it be an entity that wants to add, so they put up a large amount on the ask to try and drive down price a bit, to then remove the ask and place a bid?
Chaaban needs to concentrate on results. If I see the seed investor agreement, a finished a facility, and a license, then I'll be back in, but some of the stuff he has said doesn't sit well with me.
I know, and I hope it goes much higher for the longs. But reading some of the stuff that Chaabin is saying just doesn't sit right with me, and after going through the financials I've determined that the risk is currently too high for me. If some certainty develops, I'll be back in.
I had GALE at around 1.75 and sold around 2.50 I know exactly how you feel. I have INO at .52 and ONCS at .32 though.
The legal policy in Colorado is intentionally restrictive. A legal outlet must produce at least 70% of the product that they sell. This was developed as a measure to keep as much marijuana out of the surrounding states as possible.
If I am not mistaken, Michigan's medical system doesn't fully go into effect until the federal government decriminalizes. (correct me if I am wrong on that)
Washington's legal market doesn't open for a few more months.
Interstate commerce is still illegal in the US so you cannot ship from Canada to a US state. And at this point, banks still will not do business with marijuana outlets.
The US is not currently a market that can be nationalized and is simply a massive regulatory nightmare at this point. That is actually what makes FITX so compelling, they are skipping that market and scaling their business in Canada first, then developing the logistics necessary to export to other countries, when the US market opens (rescheduling by the DEA) then FITX will be the first to export to the US, until then it would be a waste of capital to try to navigate the US market.
I'm not saying anything specific related to MM cultivation over the internet, I trust you can understand why.
I'm not here to argue with you over the merits of the company, my point was only that your anecdotal viewpoint doesn't add any value to the discussion.
Growers most definitely invest their money, maybe not the growers you know though, and that's fine, to each their own.
There is a new market emerging within the newly forming marijuana sector. Growers who are going to scale to the largest level.
and just as a disclosure, I'm not that keen on this companies products either. but there is money to be made here.
Not at all, just the typical formal talk. Here you go:
"A note of clarification for our shareholders. I was misquoted and misunderstood in the Forbes interview. We are at the ready to build stage. Once we build, we call Health Canada for a pre-license inspection. We ARE NOT currently licensed. After seeing the error in the article I press released the clarification in the headline of the press release and referred to the Forbes article. I also press released the flow diagram of the licensing process. And this error has been clarified in every subsequent interview and online on the CEN Biotech website." Thanks bill
If he is lying about it, then that is a whole other matter all together, but there you have it.
Well it sounds like you have GRNH all figured out and could outperform them in this sector. You should start a competing company, steal their clientele and put them out of business!
You are not the only person here who grows, or who can grow medical quality. And your argument that they offer you nothing doesn't change their upward trajectory and list of clients. If you don't like the business model or the products start your own competing business, or invest in another company.
Do you know the individuals that are "dumping"? I know people are profit taking, that got in early. I sold shares, am I am dumper, or a profit taker?
I read that article yesterday, It seems pretty clear to me in the article. If it seems confusing, type "bill cenergy" into facebook and scroll down till you see the graphic that diagrams the process, they are at the "ready to build letter" which I believe they got in November? someone correct me if it wasn't November.
I believe so, I think the intent of the Forbes article was to talk about the regulatory changes in Canada and highlight a company that is navigating those changes. If it came out that CEN was actually at the beginning of the process and the original application was still being processed then it would have been a lot worse of a misrepresentation, but they are 85% of the way through. I don't think it would have changed the authors decision to write the story on FITX.
FITX was smart enough to clear this up on the facebook page this morning. For anyone not interested in seeking the actual information, or anyone who hasn't seen it yet;
FITX completed the application, the application was reviewed, the application was approved, they were issued a "ready to build letter", Their facility will go through an inspection and security clearance, They will receive information about exactly what Health Canada, fire marshal, and other regulatory agencies need to see in order to approve. If those thresholds are met, the license will be approved.
FITX is one approval away from receiving their licence, and Health Canada has worked with FITX every step of the way.
"We would like shareholder feedback on the possibility of a share buy back program."
Now do you think that if a bunch of people start saying that they would love share buy backs on FB that they are going to start buying shares back tomorrow, or do you think they will wait till they are earning revenue from CEN?
I am not being sarcastic. I know you don't like this stock, and if you stayed here and raised reasonable concerns we could have a dialogue to help investors weigh the risks and rewards, but statements like this don't serve any purpose. A company isn't going to buy back shares pre-revenue (CEN) and that certainly isn't what they were insinuating when asking for shareholder feedback.